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Yehti Manufacturing (B). Dual classes of common stock are common in a number of countries Assume that Yehti Manufacturing has the following capital structure at
Yehti Manufacturing (B). Dual classes of common stock are common in a number of countries Assume that Yehti Manufacturing has the following capital structure at book value. Both A-shares and B-shares have the same voting rightsone vote per share. (Click on the icon to import the table into a spreadsheet.) Yehti Manufacturing Long-term debt Retained earnings Paid-in common stock: 1.3 million A-shares Paid-in common stock 4.7 million B-shares Total long-term capital Local Currency (millions) 194 292 130 470 1,086 a. What proportion of the total long-term capital has been raised by A-shares? The proportion of the total long-term capital that has been raised by A-shares is %. (Round to two decimal places.) b. What proportion of voting rights is represented by A-shares? The proportion of voting rights represented by A-shares is %. (Round to two decimal places.) c. What proportion of the dividends should the A-shares receive? The proportion of the dividends that A-shares should receive is %. (Round to two decimal places.)
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